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Canadian dollar underperforms most G10 currencies as oil falls

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Core Development: Canadian dollar underperforms most G10 currencies as oil falls
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Market & Financial Impact: CANADA-FOREX/:CANADA FX DEBT-Canadian dollar underperforms most G10 currencies as oil falls
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Actionable Insight: 🔴 Bearish Risk: Regulatory scrutiny, profit decline, or sell-off risk may create near-term volatility.

TORONTO, Nov 9 (Reuters) - The Canadian dollar steadied against its US counterpart on Monday, while underperforming most other Group of 10 currencies, as oil prices fell and after recent domestic jobs data kept expectations for Bank of Canada interest rate hikes in check.

The loonie was barely changed at 1.4135 per US dollar, or 70.75 US cents, holding near an 18-day low it touched on Friday at 1.4137.

* Among G10 currencies, only the loonie and the Swiss franc did not post gains against the greenback as easing concerns about an escalation in the Middle East conflict prompted investors to rotate back into risk assets following last week's selloff in artificial intelligence-linked stocks.

* Data on Friday showed that Canadian employment fell for a third straight month in October and the jobless rate rose to a six-month high of 6.7%. Separate data showed accelerating US job growth.

* "Diverging employment data releases will likely keep USD-CAD supported above 1.40," strategists at TD Securities, including Jayati Bharadwaj, said in a note.

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Official Publisher Attribution: This report is aggregated from LiveMint. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
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